Over 30 cities, districts of Azerbaijan to switch to self-financing in 2018

148

Thirty-three districts and cities of Azerbaijan will be able to pay their own expenses from their incomes in 2018, said Azerbaijani Deputy Finance Minister Azer Bayramov at a joint meeting of five parliamentary committees to discuss the draft state budget on Nov. 13, Trend reports.

Bayramov said that local revenues of the state budget are forecasted to total 621 million manats in 2018 that is four percent more than the forecast for 2017.

Local expenditures are expected to amount to 424 million manats or three million manats more than in 2017.

Some 10.1 percent of this amount accounts for financial support from centralized state budget expenditures designed to regulate local expenditures, which is 0.2 percent points less than in the current year.